I am working as a lecturer in an Engg college on contract basis, i.e i don't have any salary break up, just consolidated salary per month. I have been told here that i can show Rs 2500/- PM as research allownce and Rs 800/- PM as travelling allownce, and the total money is all SAVINGS. Is this true? if yes, under which section of income tax act in falls?
When market valuation u know is strech and it has appreciated by 61% do u still feel listening towardroad map of full capital accout convertibility and we see good growth in IT n pharma sector. Dont u think u should invest directly in fundementally stong company to get minimum return of 20% anually by chuning porfolio n not lending hear to the noises, as such good company does not get affected by rumour. i would like to have your sincere view on this issue.
Dear Sir, I congratulate Rachna C for putting together so much relevant info in such a short and intelligible article. Even i cud understand it (i usually dont understand money matters). Thanking you. Yours faithfully, Dr Gopal Agarwal
